Poole Townsend report an upsurge in the housing market in and around Barrow & Furness

Poole Townsend report an upsurge in the housing market in and around Barrow & Furness

21st August 2010

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Following on from a successful June, July has also been another excellent month for selling houses. We have seen a good mix of property types and price ranges coming onto the market and being sold by all six branches throughout Furness and the South Lakes.

Traditionally a quiet month due to the summer/school holidays, July 2010 has been an excellent summer month with sales targets exceeded. During July the firm agreed 60 sales.

All branches have seen agreed sales moving quickly due to committed buyers and sellers alike. The buying/selling process, on average, is only taking 8 weeks from acceptance of offer to completion.

July saw a further increase in first time buyers, unusual for this time of year. This helped the increase in sales and is a sure sign of increased confidence in the housing market. Our mailing list has been boosted by first time buyers registering their interest to purchase. Another positive sign for the market is the wider accessibility of mortgage lending. Now is the time to market your property with an abundance of potential buyers in a position to buy.

Claire Robinson, Senior Valuer and Branch Manager, Barrow comments: “The next couple of months, especially September and October are traditionally busy months for house sales, so now would be a good time to put your property on the market, rather than wait, as we have an abundance of buyers in a position to purchase”.

“The Ulverston branch has also seen an increase in first time buyers, meaning chains are moving”.

Stuart Coward, Valuer, Dalton branch sums up: “Mortgage availability is certainly helping the housing market at the moment. Demand for all types of properties is high and first time buyers are back on the market actively looking and in a position to move quickly.

“However, all branches need new stock to balance supply and demand. We are certainly seeing a surge in demand in both the town centres and surrounding villages throughout Furness and the South Lakes”.

This is in line with the recent National Association of Estate Agent’s UK Housing Report which showed an increase in the number of house hunters registering with an agent and agents reporting a rise in demand for property while housing stock levels are decreasing.

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